Viper Energy (NASDAQ:VNOM) Price Target Raised to $43.00

Viper Energy (NASDAQ:VNOM) had its price objective upped by equities research analysts at Piper Sandler from $36.00 to $43.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the oil and gas producer’s stock. Piper Sandler’s target price points to a potential upside of 9.47% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. StockNews.com downgraded shares of Viper Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Barclays began coverage on shares of Viper Energy in a report on Wednesday, April 10th. They set an “overweight” rating and a $44.00 price target for the company. Truist Financial lifted their price target on shares of Viper Energy from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Raymond James lowered their price target on shares of Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.50.

Viper Energy Price Performance

Shares of VNOM traded up $0.36 during trading hours on Friday, reaching $39.28. The company had a trading volume of 179,227 shares, compared to its average volume of 966,606. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.38. The firm has a 50 day simple moving average of $36.93 and a 200-day simple moving average of $32.53. Viper Energy has a 12-month low of $24.48 and a 12-month high of $41.22. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 14.58 and a beta of 1.79.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.20. Viper Energy had a net margin of 24.17% and a return on equity of 8.29%. The firm had revenue of $204.70 million during the quarter, compared to the consensus estimate of $204.61 million. During the same period last year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Research analysts expect that Viper Energy will post 1.72 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Viper Energy by 13.4% during the third quarter. Vanguard Group Inc. now owns 600,462 shares of the oil and gas producer’s stock valued at $16,741,000 after buying an additional 70,815 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in shares of Viper Energy by 18.9% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 181,535 shares of the oil and gas producer’s stock worth $5,697,000 after purchasing an additional 28,800 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Viper Energy by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,827,514 shares of the oil and gas producer’s stock worth $50,951,000 after purchasing an additional 21,977 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Viper Energy during the third quarter worth $1,747,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Viper Energy by 7,400.5% during the third quarter. Tower Research Capital LLC TRC now owns 15,901 shares of the oil and gas producer’s stock worth $443,000 after purchasing an additional 15,689 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Company Profile

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America. Viper Energy Partners GP LLC operates as the general partner of the company. The company was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc in November 2023.